In response to the Chinese government’s compliance requirements for data export, DeHeng Law Offices assisted Volkswagen Financial Services (China) Co., Ltd., a subsidiary of Volkswagen Financial Services AG, the largest auto finance service company in Europe, in completing the risk self-assessment for data export, and the latter has recently passed the security assessment of the Cyberspace Administration of China.

On August 18, 2023, BCEG Environmental Remediation Co., Ltd. obtained the approval from the China Securities Regulatory Commission for its issuance of shares to specific targets through simplified procedures. The payment has been made and the shares issued recently.

Recently Hebei Xiong’an Branch of China Huaneng Group Co., Ltd. issued a notice, announcing DeHeng as the bid winner for its perennial legal counsel service procurement project.

Shandong Binda Industrial Group Co., Ltd. successfully issued 7.1 billion yen bonds overseas in September 2023 with a coupon rate of 2.30% and the letter of credit enhancement from Qilu Bank. This was the first offshore bond issued by Binda, and the largest single yen bond issuance by a local state-owned enterprise in Shandong Province.

Recently DeHeng won the bid for the 2023 special legal counsel service of Dajia Asset Management Co., Ltd., becoming the latter’s legal service reserve team for insurance asset management products.